CZ says bitcoin will ‘break’ 4-year cycle as global crypto support grows
Binance co-founder Changpeng Zhao told CNBC on Friday he believes bitcoin will break its four year cycle this year because the U.S. and other countries have become crypto-friendly.
“If you are looking at today, tomorrow, on a daily basis, there’s no way I can predict” which way the price of bitcoin is going to go, the crypto exchange founder said in response to Squawk Box’s Andrew Ross Sorkin question over his forecast for BTC this year. “If you look at the five, ten year horizon, it’s very easy to predict. We’re going to go up.”
The CNBC host asked CZ if he agreed with Ark Invest CEO Cathie Woods, who last week forecasted bitcoin’s price between $300,00 and $1.5 million by 2030, while others who believe bitcoin is going to…
